Custer chronicle. [volume] (Custer City, Black Hills, D.T. [S.D.]) 1880-1890, 1887-06-25
A Tin Company Traduced.

| 4 IlHdhtidl anu Mining htCOTu, III Il lcltei
recently appearing in that journal, sub
mits the following random statements
alike derogatory to the standing of the
Harney Peak Tin Mining Company
and the prope rty it represents;
'The Alien law has stopped negotia
tions on several deals from the Black
Hills pending in Europe, and by all ac-
counts it may decide the fate of the
llarney Peak Tin Mining Cos. deal who
are trying to place their property in
London for E2,000,0O0. This is pretty
good price for prospect hole or two,
but | expect what they lack in quality
they expect to make up in quantity, as
IL is said the company own some one
, hundred mining locations, it still APP
pears to me, however that this is snug
price for a thousand acres of land,
especially such rough land as that
> around Harney's Peak. How the COM
pany expect to pay their directors each
"A salary of f50O to 81 800 per year, and
where the money is coming from, is
more than can guess at, still they may
succeed if they learn fnanceering from
the Big Bend Company. The success Of
this last named company has stimulated
several similar schemes, which believe
will do the mining interests Of the Black
Hills more harm than SO many Homes
stakes would do us good. Did not this
same Harney Peak Company's failure
put quietuS on the tin mining interest?
1t was pretty hard to give away tin
prospect for while. Now if the par
ties trying to place this same property
in England for $l0,0O0O00 succeed,
won't it kill the lin interests of the
Black Hills as far as the London market
is concerned? We have good tin pros
poets, not mines, and by well directed
and persistent effort in the way of deyel
| opment, some good mines may be un.
covered or opened out, but | hardly
think a company could be raised to pay
$l0,0O0,000 to be allowed the privilege
Of spending more money to prospect for
snch mines ifthey really knew the con-
dtion Of affairs"
Mr.. White is regarded by the resi-
dents of the northern Hills as a very
reliable correspondent, and as an oc-
casional correspondent of the journal
| above referred to, has become quite
popular in Deadwood mining circles
The Deadwood Times regards him AS
one Of the most careful and conservative
writers in the Hills. We agree with
the Times so far as his being careful
| writer is concerned. The care that this
gentleman has exercised in the matter
Of ignoring the merits of all mining
prospects beyond the boundaries Of the
northern mining districts may reason
ably be deemed sufficient TO satisfy any
one Of his being an extremely careful
writer. The drift Of this gentlemah's
care is made apparent in his illusions
| TO the property of the Harney Peak
Company Of the Southern Hills in con-
tradistinction to the property Of the
American Tin Company ofthe northern
Hills. While it is we'll settled fact
that the tin properties owned by the
Harvey Peak Company are more ex
tensive, show larger bodies of ore, and
brighter promise of becoming important
| producers than does the properties of
the American Tin Company, this writer
is conspicuously careful to ignore an
unfavorable mention of the latter, while
he defamingly refers to the former as
"a prospect hole or two"
This correspondent, careful as he is
reputed to be, did not take the pains to
inform himself upon the subject treated
! His ignorance is made palpalbly ap-
| no won't NV HE IN farnpca tbot 91n oOO 900
| was paid for the Harvey Peak property
| He does not seem to realize the fact Of
a very large per cent of that sum being
set aside for the purpose Of development
and the further purchase of tin proper
ties, of which there are many of the
most promising character in the south
ern Hills. He evidently had not learn
ed that a stock company had been
formed in London, but took it for
granted that the HaIney Peak company
had simply made sale of their proper
ty for $l0,OOO,OOO. The writer appears
even more ridiculous in his reference to
the worthless character Of the land
purchased around Harney's Peak,
claiming it to be "such rough land" 1t
may be proper to here inform the ex-
tremely careful writer that the lands
purchased, while much of it is some
what remote from that lofty point, and
comparatively smooth and level, it is
not the purpose of the company to use
it for the purpose of agriculture
The admission on the part of the
writer, that this company may succeed
by adopting the financial plans of the
Big Bend company, is probably as
favorable an admission as we could
reasonably expect from SO careful a
gentleman, writing from his standpoint.
The writer betrays great fear of the
"killing" Of our tin interests by the or
ganization of a company of such magni-
tude in England. We opine his fears
would not be so pronounced, were the
property located sixty miles further
north. If the gentleman would visit
these properties, and view them from a
different standpoint, bis fears might be
materially calmed, for upon no other